Khalifa bin Salem Al Mansouri, Acting Under-Secretary of the
Department of Economic Development in Abu Dhabi, is expecting Abu
Dhabi’s economy to achieve a growth rate of between 3.5 to 3.7 percent
during the current year, in light of the emirate’s ongoing
implementation of large projects, an increase in private sector
investments and oil price stability.

During his statements to the press on the sidelines of the signing of
a co-operation agreement between his department and the Abu Dhabi
National Oil Company (ADNOC) for licencing distribution procedures and
the approval of relevant economic activities, he stated that Abu Dhabi’s
economy is currently witnessing major progress in various types of
production economies, with the aim of achieving the strategic goals of
the Abu Dhabi Economic Vision 2030, following the directives of
President His Highness Sheikh Khalifa bin Zayed Al Nahyan for setting up
a roadmap to enable Abu Dhabi to become one of the most advanced
economies.

He added that the department’s business centre aims to facilitate a
business in Abu Dhabi and unify the authorities that issues commercial
licences, as part of the department’s efforts to achieve the development
strategy, to improve government performance in Abu Dhabi and to
increase the efficiency of services to the business sector, which
requires efficient co-operation with relevant federal and local
government authorities.

ADNOC is the 31st authority to join the Abu Dhabi Business Centre’s
electronic connectivity system, which aims to link 45 authorities to
shorten the issuance process of commercial licenses and promote business
competitiveness in the emirate. The centre has so far linked 12 of
ADNOC’s activities.